There Really Is a Huge Retirement Crisis Developing

“Andrew Biggs and Sylvester Schieber’s contention that American retirees aren’t facing a retirement income crisis is largely based on a single cherry-picked number from one chart from a 365-page report by the OECD (“The Imaginary Retirement-Income Crisis,” op-ed, Sept. 30). The chart shows that on average Americans over the age of 65 have an income that is 92% of the national average, placing us ninth of the 34 nations on the chart. However, this same chart shows that, by age 75, American retirees’ income slips to less than 80% of…” -Wall Street Journal